Two other big players in alternative asset management, Apollo Global Management, a New York-based firm with $696 billion in AUM, and TPG, a San Francisco-based manager with $229 billion in assets, provided product updates in the semi liquid they are developing. for retail investors. Firms will join the growing ranks of firms targeting the retail…

As financial advisors, we are no strangers to the roller coaster of market volatility. This week's selloff is a stark reminder of how quickly market conditions can change and the need for proactive planning. Amid this turbulence, estate planning is one area where advisors can really add value. This often overlooked aspect of financial planning…

360-degree customer views provide a comprehensive view of the customer's financial situation and enable more personalized and effective advice. This comprehensive understanding helps build stronger relationships, increases client satisfaction, drives better financial outcomes for clients and provides a competitive advantage for financial advisors. However, this goal is fraught with challenges. Wealth management firms often struggle…

Don Bennyhoff, former senior investment strategist at Vanguard, has launched a new chief investment officer business, Bennyhoff & Co., aimed at serving mid-sized registered investment advisors focused on planning. Unlike most outsourced CIO and partial CIO firms, Bennyhoff's company will not manage client accounts on a lead basis. It will assist VNRs with some of…

“I'm thinking of leaving the firm,” says one adviser. “Hey, I've been thinking the same thing. How about we team up and explore together?” says the other. Connected: The Diamond Podcast for Financial Advisors: Mid-Year Report on Deals, Transitions and Recruiting Counselors are always having innocent conversations like these—over lunch, at happy hour, or at…

Sponsored by With a variety of business model options, including independence and comprehensive practice support in the form of an advanced technology platform, a powerful wealth management suite, team opportunities, succession programs and more, Wells Fargo advisors can provide a business structure regardless of how goals and needs evolve. Source link

It's hard to believe that we're already halfway through 2024 and already gathering data for our next transition report. It's going to be another massive effort, because this year is already proving to be incredibly active: Based on what we're seeing, the pace of transitions is currently outpacing 2023. That's why we thought it was…

Several stories made waves across the industry this month, and we want to break down what it all means for advisors. We've selected five topics for August's WealthTech Talk to provide an overview of what's ahead of technology in wealth management. With news this massive, you'd have to have been under a rock to miss…

A Houston-based advisor (and former professional tennis player) with $725 million in assets under management is moving to LPL Financial from Bank of America, according to the independent broker/dealer. Alberto Francis is forming Rockview Private Wealth through his move to LPL Private Wealth Management, the firm's employee membership model for advisors focused on high net…

Today's financial environment has many customers in “reaction mode”—adapting to the ever-changing landscape. In my recent conversations, many of my clients want to know how to manage the impact of inflation, prepare for a possible economic recession, and address the market volatility that geopolitical conflicts can generate. These are sound questions for clients to ask…